Gatlinburg and Pigeon Forge are both extremely strong right now , with most people overpaying in the years that you mentioned and simply not KNOWING OR CARING  how to properly run a top notch Air BNB. 

They often offer coaching programs that can guide you through the fix-and-flip process, including how to properly assess properties during walkthroughs.

As for liablity for a mom and pop landlord I agree do the best you can and have proper insurance..

Meaning once they get properly underwritten they'll be pressing DTI limits.Those two are not going to be reason the pent up demand gets exercised; if rates drop significantly and quickly it's for a net negative reason and likely job loss so those "pre" qualified and approved are likely on shaky grounds and buyer expectation shifts happen to the one's that are extremely well qualified. 

The bank will sell notes to other banks, mortgage companies, dealers and those who hold the proper license in a mortgage industry activity, just not to Joe.

You should have boiled them down to the following lack of proper due diligence.  1.  

Sounds like the county failed on multiple levels including not giving proper notice, not sending notices to the correct address, etc. 

So, I had to put zeroes in to maintain the proper format.There's the first two 10-month "chunks".

This likely means living in Louisville proper, depending on the job's location.

They can limit what property owners can do, including house hacking.Even if the city has no restrictions, if legally binding and properly recorded, covenants can enforce rules that supersede local ordinances for those living within the neighborhood.